Over $8,000,000 Worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT) and DAI Stolen in Crypto Wallet Hack

Hackers have made off with more than $8 million worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT), and Dai (DAI) after exploiting the Web3 crypto wallet BitKeep. The blockchain security firm PeckShield reveals that the bad actors stole approximately 4,373 BNB, 5.4 million USDT, 196,000 DAI and 1,233.21 ETH.

Timeline of Bnb, Multi-collateral-dai, Ethereum, Tether

When Ethereum finally moved from a Proof of Work (PoW) to a Proof of Stake (PoS) mechanism, it had been done to much fanfare in the community. Most celebrated the new promise of better efficiency and significantly less energy consumption.

An analyst has explained that the absence of miners on the Ethereum network could be bullish for the ETHBTC ratio. Miners Provide A Persistent Selling Pressure On Bitcoin As explained in a tweet by Tom Dunleavy, a Messari research analyst, BTC miners sell almost all the coins they mine.

What happened: On Monday a total of 2,390.97 Ether (CRYPTO: ETH) worth $2,892,262, based on the current value of Ethereum at time of publication ($1,209.66), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

The Ethereum price following a sideways path since last week, struggling to break above the $1230 resistance. The daily chart shows multiple short-body candles with price rejection on both sides, indicating indecisiveness among participants.

A popular crypto strategist says that Litecoin (LTC) could go on an epic surge before the peer-to-peer payments network's halving event next year. Pseudonymous analyst Rekt tells his 329,900 Twitter followers that Litecoin is showing signs of strength on the higher timeframe after rallying above its long-term accumulation level.

Bitcoin (CRYPTO: BTC) recorded losses this morning, with prices for the most valued cryptocurrency in the world, falling below the key $17,000 level on Tuesday. Ethereum (CRYPTO: ETH), also traded lower, but remained above the key $1,200 mark on Tuesday.

BNB was one of the best-performing cryptos in 2022, but it may crash in 2023. The exchange did well till now despite the FTX crash and other issues. As the year ends, the coin's future seems gloomy, and many fear it may tumble lower.

Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. The post Ethereum L2 language Cairo's TVL surpasses Solana's Rust appeared first on CryptoSlate.

Geneva, Switzerland, 27th December, 2022, Chainwire TRON DAO, a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps, today announced that it has joined the Enterprise Ethereum Alliance (EEA). As an EEA member, TRON DAO will collaborate with EEA and its members, the leading business adopters, innovators and leaders within the Ethereum ecosystem, to accelerate the pace of Ethereum business advancements and adoption.

Stablecoin adoption has grown immensely, observed especially following the collapse of Terra. USDC and USDT have seen sizeable growth, but USDT has a lot of keeping up to do with its value plunging as of press time.